Springfield - MA housing market
The Springfield metro has a typical home value of $376,017, up 2.7% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($376,017) is the Zillow Home Value Index for the Springfield - MA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.7% over the past year. In Springfield - MA, that means a home worth $366,131 last year is now worth roughly $376,017.
The median sale price , what homes actually close for , is $343,083. Homes are selling at 100.7% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Springfield - MA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.
About 14.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 626 new listings hit the market each month in Springfield - MA. There are currently 1,167 homes for sale, up 4.4% from a year ago.
The typical monthly rent in Springfield - MA is $1,941, up 4.4% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in MA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Boston - MA | $741,868 | +1.6% | 8.0d |
| Worcester - MA | $482,611 | +1.8% | 8.0d |